Examlex
Sole proprietorships may file for Chapter 13 bankruptcy.
Dissolution
The process of legally dissolving a business entity, which includes disbanding its operations and distributing its assets.
Partnership
An officially recognized form of commercial enterprise undertaken by at least two individuals, involving joint management and profit allocation.
Capital Account
A national account that shows the net change in asset ownership for a nation, including investments and loans, but not related to current transactions.
Practical Consequences
Real-life effects or outcomes that follow from a specific action or decision, often considered in decision-making processes.
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